According to the latest report by IMARC Group titled, “Gas Analyzer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 3.6 Billion in 2018. Looking forward, the  global gas analyzer market size expected to reach US$ 4.7 Billion by 2024, exhibiting a CAGR of around 4.4% during 2019-2024.

A gas analyzer is an instrument which is used to determine the presence of chemical gases in a sample. It is used for detecting gas purity, compositional analysis, contamination and hydrocarbon analysis. It is majorly employed in upstream, midstream and downstream sectors of the oil and gas industry.

The growing demand for natural gas and the subsequent rise in natural gas production activities is contributing to the need for gas analyzers in the oil and gas industry. This can be accredited to the shift from conventional power sources to clean power generation which is increasing the demand for natural gas. In addition to this, government legislations and the enforcement of occupational health and safety regulations in several countries remain the other principal factors boosting the growth of the global gas analyzer market. This has further been supported by the rising awareness among the consumers regarding the safety hazards of gas leaks and emissions. Moreover, with the development of new technologies and increasing R&D activities, the gas analyzer market is experiencing strong growth.

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Market Segmentation:

Breakup by Application

  • Oil & Gas
  • Power
  • Chemicals
  • Food and Beverages
  • Pharmaceuticals
  • Others

Breakup by Region

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
  • Competitive Landscape

The report has also examined the competitive landscape of global gas analyzer market. Some of the major players in the market are ABB Group, Emerson Electric, General Electric, Figaro Engineering Inc. and Thermo Fishers Scientific., etc.

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Competitive Structure
  • Profiles of Key Players

Explore full report with table of contents:  https://www.imarcgroup.com/gas-analyzer-market

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